Full Citation

Title: The Impact of Social Security Programs on Households and the Macroeconomy

Citation Type: Dissertation/Thesis

Publication Year: 2018

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Abstract: This dissertation is comprised of three chapters concerned with public insurance programs in the United States and their impact on households and the macroeconomy. In 2015 the Social Security Administration’s old-age and survivors insurance (OASI), disability Insurance (SSDI), and Medicaid programs benefited 90 million adult individuals and accounted for 23% of all government expenditures. In the first chapter, “Medicaid’s Long-Term Care Programs and the Macroeconomy", I calibrate an overlapping-generations model to the U.S. economy and quantify the fiscal and welfare implications of the eligibility rules that govern access to Medicaid’s care programs. I find that the costs associated with expanding home care benefits among the aged population are partially mitigated by individuals substituting out of institutional care. The substitution is most prevalent among elderly individuals with marginally higher incomes that gain access to Medicaid through a spend-down rule.

Url: https://search.proquest.com/docview/2041864318/abstract/794D19C4343F4C39PQ/1?accountid=14586

User Submitted?: No

Authors: Nelson, Jaeger, L

Institution: Indiana University

Department: Economics

Advisor: Glomm, Gerhard

Degree: Ph.D.

Publisher Location: Indiana, US

Pages: 153

Data Collections: IPUMS CPS

Topics: Housing and Segregation, Other

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